16231 Broadway AveMaple Heights, OH 44137

Property Details for 16231 Broadway Ave

Year built

1986

Construction

TYPE NOT SPECIFIED

Lot size

2.71 AC

Property size (Sq ft)

32,900 SF

Zone code

GC

Property type

Warehouses

APN

781-12-012

APU

78112012

Description

This exceptional value-add investment opportunity presents a vacant, 40,406 square-foot building situated on a 2.71-acre lot in Maple Heights, Ohio. Formerly the Maple Heights Broadway Care Center, this 1986-built, two-story structure boasts 50 units with a total of 100 beds. The property features a robust steel-beam construction, two elevators, ample parking (84 spaces), and multiple access points. Internal amenities include offices, exercise and activity rooms, dining areas, a full-service commercial kitchen, laundry facilities, and substantial storage. Zoned CBD, this versatile property offers significant potential for repurposing into various uses, including senior housing, educational facilities, or multifamily apartments. Its strategic location between I-271 and I-77 along I-480 ensures excellent visibility and accessibility. The asking price is $1,400,000 ($28,000 per unit, $34.65 per square foot). The seller is open to exploring owner financing and lease-to-purchase options. This is a unique chance to acquire a well-built structure with substantial potential for a creative and profitable redevelopment project. The property's address is 16231 Broadway Ave, Maple Heights, OH 44137, and the APN is 781-12-012.

Location Insight

City

Maple Heights

County

Cuyahoga

State

Ohio

Latitude

41.4136

Longitude

-81.5665

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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